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Arizona Enacts Its First Cryptocurrency Reserve Law, Following New Hampshire

2025/05/08 14:08 (Updated 2025/05/12 21:03)

CoinPost

Written by Lewis Kikutani

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Arizona Enacts Its First Cryptocurrency Reserve Law, Following New Hampshire

Investments Itself Not Authorized

On the 8th, the Arizona State Legislature passed the 'HB2749' Cryptocurrency Reserve Law bill, which allows the state to hold assets such as Bitcoin (BTC) as reserves. The bill allows for the transfer of unclaimed assets, airdrops, and staking rewards managed by the state to the state-managed reserve (reserve) account, but prohibits the investment activity of purchasing Bitcoin with new state funds.

Last Friday, the state's Governor Hobbs exercised his veto power once on another bill 'SB1025' that would allow the state to purchase Bitcoin, and whether Arizona will officially allow the direct purchase of Bitcoin in the future is still pending with the unsigned bill 'SB1373...

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Iolite Vol.16

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MAGAZINE

Iolite Vol.16

November 2025 issueReleased on 2025/09/30

Interview with Iolite FACE vol.16, concon Inc. CEO Fumiyoshi Takahashi PHOTO & INTERVIEW: Takanori Kataishi Feature: "2026: Abnormal Adoption Frontlines!!" "Prepare for Bitcoin's Golden Month" "Three US Bills: Promoting Innovation or Preventing Surveillance? A Major Restructuring of US Crypto Policy: What Does the Three Major Bills Paint for the Future?" Crypto Journey: "The Crypto Industry's 'Shadow Guardian' Sees Global Security Transformation" Interview with Hacken CEO Dima Budrin Series: "An Expert's Perspective on the Fluctuating Cryptocurrency Market" Virtual Nishi Series: Tech and Future: Toshinao Sasaki, etc.